The Debt Management Office (DMO) has opened the March 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 17.635% per annum.
The DMO made the announcement on its official handle on X (formerly Twitter).
It said: “We are opening this month with the following offers for subscription: 2-Year Bond due March 12, 2027, at 16.635% p.a., and a 3-Year FGN Bond due March 12, 2028, at 17.635% p.a. Offer is open and closes March 7, 2025. To invest, contact your stockbroker. Interest payment begins on June 12, 2025.”
Details of the FGN savings bond tenure and rates show that the 2-Year Bond matures on March 12, 2027, with an annual interest rate of 16.635% while the 3-Year Bond matures on March 12, 2028, with an annual interest rate of 17.635%.
The bond will be sold at N1,000 per unit, subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, while maximum subscription limit is N50 million.
Interest is payable quarterly, with the first payment scheduled for June 12, 2025.
The DMO said to invest, individuals must contact their stockbroker before the March 7, 2025 deadline to complete the subscription process.
